May 02, 2016 at 14:40 | Source: Moneycontrol.com
In order to promote transparency, the Central Board of Direct Taxes (CBDT) made all the income tax data public on Friday. Here are the key findings.
May 02, 2016 at 08:54 | Source: PTI
As part of a transparency drive, the government has made public direct tax data for last 15 years. Data for individuals has been published only for 2012-13 assessment year, which shows taxes for income in financial year ended March 31, 2012.
May 02, 2016 at 08:04 | Source: PTI
Income Tax department had over 4.72 crore "effective assessees", including people who filed ITRs, and who paid TDS but did not filed returns, in 2012-13. However, individuals who filed return of income for tax paid accounted for 1 percent of population that year.
Apr 30, 2016 at 12:00 | Source: NEWS18.com
The Centre has issued notices to all the people named in the Panama Papers but tax laws do not allow the proceedings to be made public till cases are filed in courts, said Union Finance Minister Arun Jaitley in Lok Sabha on Friday.
Apr 29, 2016 at 18:20 | Source: PTI
Corporate tax collections haverisen nearly 12-fold in last 15 years and personal income tax9 fold but share of direct taxes in the economy has fallen toalmost a decade low of 5.47 per cent, according to direct taxdata published by the government today.
Apr 28, 2016 at 17:13 | Source: Moneycontrol.com
Many individuals do change jobs and they have to face the problem of combining salaries from two employers. Here is how to go about it.
Apr 27, 2016 at 15:37 | Source: Moneycontrol.com
Taxation of gains on sale of shares has been a gray area for long period of time. This article explains the head under which the gains will be taxed.
Apr 27, 2016 at 15:07 | Source: Moneycontrol.com
Even as prices of pulses went through the roof these last few months, the Centre and state governments haven't been sitting idle. After a series of raids, the Maharashtra government has decided to enact a law to cap the maximum prices of the pulses.
Apr 26, 2016 at 20:42 | Source: PTI
The Income Tax department will now add interest amount to a delayed refund made on excess TDS deductions and will also not litigate with the deductor on this issue in the future, a latest directive has said.
Apr 26, 2016 at 18:36 | Source: PTI
Officials said the meeting here chaired by SIT Chairman Justice (retd) M B Shah also reviewed the reports submitted to it by the Income Tax department, FIU and the Enforcement Directorate (ED) in the 'Panama Papers' list case in which at least 500 Indian names have been published.